Kurita Water Correlations
| KTWIY Stock | USD 67.92 7.04 11.56% |
The current 90-days correlation between Kurita Water Industries and Federal Signal is 0.06 (i.e., Significant diversification). The correlation of Kurita Water is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Kurita Water Correlation With Market
Modest diversification
The correlation between Kurita Water Industries and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kurita Water Industries and DJI in the same portfolio, assuming nothing else is changed.
Kurita |
The ability to find closely correlated positions to Kurita Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kurita Water when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kurita Water - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kurita Water Industries to buy it.
Moving together with Kurita OTC Stock
Moving against Kurita OTC Stock
| 0.7 | WM | Waste Management | PairCorr |
| 0.65 | SUNFF | Sun Life Financial | PairCorr |
| 0.62 | SKFOF | Sika AG | PairCorr |
| 0.58 | GLU | Gabelli Global Utility | PairCorr |
| 0.57 | WVVI | Willamette Valley | PairCorr |
| 0.52 | ANPMF | Andean Precious Metals | PairCorr |
| 0.47 | SBUX | Starbucks | PairCorr |
| 0.42 | 254687FM3 | WALT DISNEY CO | PairCorr |
| 0.71 | O | Realty Income | PairCorr |
| 0.69 | 64110LAT3 | NetFlix 5875 percent | PairCorr |
| 0.63 | AEM | Agnico Eagle Mines | PairCorr |
| 0.56 | FINV | FinVolution Group | PairCorr |
| 0.55 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.54 | 00206RBK7 | ATT INC 435 | PairCorr |
| 0.54 | AIMDW | Ainos Inc | PairCorr |
| 0.51 | AM | Antero Midstream Partners | PairCorr |
| 0.45 | ALHC | Alignment Healthcare LLC | PairCorr |
| 0.44 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.43 | GTN | Gray Television | PairCorr |
| 0.39 | MENEF | Mene Inc | PairCorr |
| 0.37 | RYN | Rayonier | PairCorr |
| 0.31 | ML | MoneyLion | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Kurita OTC Stock performing well and Kurita Water OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kurita Water's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ERII | 1.60 | 0.06 | 0.03 | 0.07 | 2.02 | 3.09 | 8.47 | |||
| FSS | 1.52 | (0.27) | 0.00 | (0.24) | 0.00 | 2.31 | 15.79 | |||
| ZWS | 1.17 | (0.21) | 0.00 | 0.88 | 0.00 | 1.83 | 5.78 | |||
| SCWO | 3.92 | (1.09) | 0.00 | (0.77) | 0.00 | 8.57 | 27.11 | |||
| MKUL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kurita Water without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Anywhere Now
Portfolio AnywhereTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Kurita Water Corporate Management
Elected by the shareholders, the Kurita Water's board of directors comprises two types of representatives: Kurita Water inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kurita. The board's role is to monitor Kurita Water's management team and ensure that shareholders' interests are well served. Kurita Water's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kurita Water's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yoshio Yamada | Ex MD | Profile | |
| Yasuo Suzuki | Exec MD | Profile | |
| Masaya Kawai | Japan Group | Profile | |
| Shuji Shirode | Exec Director | Profile | |
| Shingo Yamaga | Americas EMEA | Profile | |
| Hirohiko Ejiri | Exec Director | Profile | |
| Kunihiro Kuse | Sr Officer | Profile |